THOUGHTS FOR THE TIMES.
THE BANK RETURNS. ~ The chief interest of the bank returns lies in their bearing bn the • industrial and financial“pos.tion of the country, and in these respects the figures for the September quarter are to some exfent encouraging. There is a substantial increase in deposits, in comparison with the similar figures in the corresponding quarter of last year, but a still greater increase in the advances total. As a matter pf fact, fixed deposits have increased by £1,350,C0Q and the total deposits i>y over £3,100.000, while advances have risen by £4,500,000. But discounts and advances together fall short bf the sum total of free and fixed deposits by more than | £s,o'X),ooo. It is true that the banks have been able to let out a greater proportion ofj their surplus funds than a year ago, but the amount of money lying virtually idle is still disproportionately large. j
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Hokitika Guardian, 17 October 1929, Page 4
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150THOUGHTS FOR THE TIMES. Hokitika Guardian, 17 October 1929, Page 4
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